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Fernie self-storage facility changes hands for $209 psf

Drive-up facility traded for 2.5 times assessed value
Make Space Inc. purchased a 184-unit self-storage facility in Fernie from CityBox Storage Corp. for $4.1 million on Dec. 7, 2023.

DEAL | William Wright Commercial sold CityBox Storage, a 184-unit drive-up facility located in Fernie, B.C., on Dec. 7, 2023. New Westminster-based Make Space Inc. paid $4.1 million to acquire the asset from CityBox Storage Corp. The sale price worked out to nearly $209 per square foot. The property had an assessed value on July 1, 2023 of $1,619,000.

PRICE | $4,100,000

FROM | Connor Braid and Patrick Wood, William Wright Commercial